02 June 2012

Gold : Close Shave

  • Was short Gold but lost patience given slow downside progress so squared at 1566 and utilized the equivalent risk limits elsewhere instead (shorting EUR/USD at 1.2380 and covered at 1.2333+1.2290). Just in nick of time.
  • Weekly : Re-entered the triangle so back to consolidation play ie can' t touch this (for trend seekers).

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